OLV PROJECTS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
OLV PROJECTS
Largest movements
- Stocks and contracts +€64,202
up €64,202 (+19.7%), from €325,122 to €389,324
- Trade debts +€23,422
up €23,422 (+340.9%), from €6,870 to €30,292
- Current portion of long-term debt +€19,349
up €19,349 (+6.7%), from €288,591 to €307,940
- Profit (loss) carried forward +€17,534
up €17,534, from -€6,553 to €10,981
- Debts after one year -€11,127
down €11,127 (-41.5%), from €26,800 to €15,673
- Tax, wage and social debts +€9,628
up €9,628 (+7293.9%), from €132 to €9,760
- Gross operating margin +€17,703
up €17,703 (+179.7%), from €9,853 to €27,556
- Financial charges -€11,206
down €11,206 (-80.9%), from €13,852 to €2,647
- Taxes +€5,914
up €5,914 (+4480.2%), from €132 to €6,046
- Other operating charges -€952
down €952 (-44.9%), from €2,122 to €1,170
- Financial income +€325
up €325 (+3248.5%), from €10 to €335
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392,028 | €454,873 | +€62,845 | +16.0% |
| Fixed assets | 21/28 | €49,191 | €48,696 | -€495 | -1.0% |
| Tangible fixed assets | 22/27 | €49,191 | €48,696 | -€495 | -1.0% |
| Plant, machinery and equipment | 23 | €925 | €916 | -€9 | -1.0% |
| Furniture and vehicles | 24 | €48,266 | €47,780 | -€486 | -1.0% |
| Current assets | 29/58 | €342,837 | €406,177 | +€63,340 | +18.5% |
| Stocks and contracts in progress | 3 | €325,122 | €389,324 | +€64,202 | +19.7% |
| Stocks | 30/36 | €325,122 | €389,324 | +€64,202 | +19.7% |
| Amounts receivable within one year | 40/41 | €12,502 | €12,586 | +€85 | +0.7% |
| Trade receivables | 40 | - | €600 | +€600 | |
| Other amounts receivable | 41 | €12,502 | €11,986 | -€516 | -4.1% |
| Cash at bank and in hand | 54/58 | €4,953 | €3,900 | -€1,053 | -21.3% |
| Deferred charges and accrued income | 490/1 | €261 | €368 | +€107 | +41.1% |
| Total equity and liabilities | 10/49 | €392,028 | €454,873 | +€62,845 | +16.0% |
| Equity | 10/15 | -€3,553 | €13,981 | +€17,534 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,553 | €10,981 | +€17,534 | |
| Amounts payable | 17/49 | €395,581 | €440,892 | +€45,311 | +11.5% |
| Amounts payable after more than one year | 17 | €26,800 | €15,673 | -€11,127 | -41.5% |
| Financial debts | 170/4 | €26,800 | €15,673 | -€11,127 | -41.5% |
| Amounts payable within one year | 42/48 | €368,781 | €425,219 | +€56,439 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €288,591 | €307,940 | +€19,349 | +6.7% |
| Trade debts | 44 | €6,870 | €30,292 | +€23,422 | +340.9% |
| Suppliers | 440/4 | €6,870 | €30,292 | +€23,422 | +340.9% |
| Advances received on contracts in progress | 46 | €184 | €0 | -€184 | -100.0% |
| Taxes, remuneration and social security | 45 | €132 | €9,760 | +€9,628 | +7293.9% |
| Taxes | 450/3 | €132 | €9,760 | +€9,628 | +7293.9% |
| Other amounts payable | 47/48 | €73,003 | €77,227 | +€4,224 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310 | €495 | +€185 | +59.9% |
| Other operating charges | 640/8 | €2,122 | €1,170 | -€952 | -44.9% |
| Gross operating margin | 9900 | €9,853 | €27,556 | +€17,703 | +179.7% |
| Operating profit (loss) | 9901 | €7,421 | €25,891 | +€18,470 | +248.9% |
| Financial income | 75/76B | €10 | €335 | +€325 | +3248.5% |
| Recurring financial income | 75 | €10 | €335 | +€325 | +3248.5% |
| Financial charges | 65/66B | €13,852 | €2,647 | -€11,206 | -80.9% |
| Recurring financial charges | 65 | €13,852 | €2,647 | -€11,206 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,421 | €23,579 | +€30,000 | |
| Income taxes | 67/77 | €132 | €6,046 | +€5,914 | +4480.2% |
| Profit (loss) for the period | 9904 | -€6,553 | €17,534 | +€24,086 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,553 | €17,534 | +€24,086 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.